Bonavista Energy Corp. is pleased to announce the appointment of Mr. Chris Bruggencate, replacing Mr. Bruce Jensen who has retired from the Corporation. Mr. Bruggencate is a seasoned executive having spent 15 years at Crescent Point Energy in roles of increasing responsibility including Vice President, Engineering East and Vice President, Operations. "We believe that Chris' operational excellence and proven expertise in [...]
Bonavista Energy Corp. is pleased to announce the appointment of Mr. Derek Mendham as Chief Financial Officer effective November 1, 2021, replacing Mr. Dean Kobelka who has resigned from the Corporation. Mr. Mendham brings 27 years of progressively senior finance and accounting experience in the Canadian E&P, oilfield services and capital market sectors. Mr. Mendham was recently a Founder and the Chief Financial Officer [...]
Bonavista Energy Corp is pleased to announce the appointment of K. Earl Reynolds as President and Chief Executive Officer effective July 15, 2021. Mr. Reynolds has over 37 years of E&P energy experience and more than 25 years of senior management experience within the oil and gas industry, most recently as CEO at Chaparral Energy. "We believe that Earl will be a visionary and impactful leader for Bonavista," said Gene [...]
Bonavista Energy Corp. today announced the completion of its previously announced recapitalization transaction as further described in the Company's management information circular dated July 2, 2020 and implemented pursuant to a court-approved plan of arrangement under the Canada Business Corporations Act . As previously announced, pursuant to the approvals obtained in respect of the Plan of Arrangement all existing [...]
Bonavista Energy Corp. today announced that, in connection with the previously announced recapitalization transaction described in the Company's management information circular dated July 2, 2020, the Company has obtained a final order from the Court of Queen's Bench of Alberta approving the plan of arrangement under the Canada Business Corporations Act pursuant to which the Recapitalization Transaction is being [...]
Bonavista Energy Corp. is pleased to report to shareholders its financial and operating results for the six months ended June 30, 2020. The financial statements and notes, as well as management's discussion and analysis, are available on the System for Electronic Document Analysis and Retrieval at http://www.sedar.com and on Bonavista's website at www.bonavistaenergy.com. MESSAGE TO SHAREHOLDERS The devastating health [...]
Bonavista Energy Corp. today announced that at the meetings of holders of the Company's outstanding 4.37% Notes due November 2, 2020; 4.25% Notes due October 25, 2021; 4.47% Notes due November 2, 2022; 3.68% Notes due May 23, 2023; 4.09% Notes due May 23, 2023; 3.80% Notes due April 25, 2025; and 3.78% Notes due May 23, 2025 and holders of the Company's common shares and exchangeable shares held today, the Senior [...]
Bonavista Energy Corp. announces Institutional Shareholder Services Inc. and Glass, Lewis & Co., LLC have recommended that Bonavista shareholders vote FOR all of the resolutions relating to the proposed recapitalization of the Company that are outlined in Bonavista's management information circular dated July 2, 2020 prepared in respect of the annual and special meeting of Bonavista shareholders scheduled for July 30 [...]
Bonavista Energy Corp. announced today that the Court of Queen's Bench of Alberta has issued an interim order authorizing, among other things, the holding of the following meetings : a meeting of holders of the Company's outstanding: 4.37% Notes due November 2, 2020; 4.25% Notes due October 25, 2021; 4.47% Notes due November 2, 2022; 3.68% Notes due May 23, 2023; 4.09% Notes due May 23, 2023; 3.80% Notes due April 25 [...]
Bonavista Energy Corp. announced today a proposed recapitalization transaction designed to balance the capital structure and strengthen the Company's overall financial position. The Recapitalization Transaction would, among other things, reduce the Company's total outstanding debt by approximately $482.6 million and reduce cash interest payments by approximately $16 million annually. The Recapitalization Transaction [...]
Bonavista Energy Corp. announces that the period under which the previously announced forbearance agreements among Bonavista and the lenders under the Company's amended and restated credit agreement dated as of September 8, 2017 and the holders of the Company's senior notes has been extended to June 17, 2020 in order to continue negotiations of Bonavista's debt maturities, in each case on the terms and conditions set out [...]
Bonavista Energy Corp. announces that the period under which the previously announced forbearance agreements among Bonavista and the lenders under the Company's amended and restated credit agreement dated as of September 8, 2017 and the holders of the Company's senior notes has been extended to June 15, 2020 in order to continue negotiations of Bonavista's debt maturities, in each case on the terms and conditions set out [...]
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